Vox Royalty – Transformative Acquisition Of 9 Key Australian Royalties And Financial Update
Kyle Floyd, CEO and Chairman of Vox Royalty (TSX: VOXR) (NASDAQ: VOXR), joins us to outline the news released September 12th, announcing the strategic acquisition of a portfolio of 9 advanced development and exploration-stage royalties in Australia, along with an operations and financial update.
The 2 royalties we honed in on within the recently acquired portfolio were the Red Hill and Horseshoe Lights royalties. Kyle stated that this royalty portfolio acquisition is one of the most exceptional transactions in Vox’s corporate history, providing the Company with exposure to approximately 50,000 gold equivalent ounces under royalty coverage at a cost of ~$100/ounce. They project the annual revenue potential from Red Hill could be north of $5Million for a period of up to 10 years and Horseshoe Lights of $1Million – $2Million for a period of up to 6 years, with further exploration opportunity at both properties. We also recap the 6 current cash flowing royalties, along with 2 near-term producing royalties in the next year, and 2-3 more which are on tap to enter production in the next 2 years.
If you have any follow up questions for Kyle and the team at Vox, then please email us at Fleck@kereport.com and Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Vox Royalty at the time of this recording.
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Click here to visit the Vox Royalty website and read over the recent news releases.